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11519 McMullen Rd, Rivervie...

AEP Charter KCC II LLC Acquires Property In Riverview For $8.2M With Rep Achikam Yogev
SOLDSchool

AEP Charter KCC II LLC Acquires Property In Riverview For $8.2M With Rep Achikam Yogev

11519 McMullen Rd, Riverview, FL, 33...

$8,199,999

$282/SF

Building Size

28,998 SF

Asset Type

School

Closing

Aug 3, 2017

AI

The transaction involved the sale of the Kid’s Community College Southeast Riverview, located at 11515 and 11519 McMullen Road in Riverview, Florida. The property has a total square footage of 28,998 and was sold for a price of $8,199,999. This sale is part of a broader market activity in Riverview, which is notable for educational properties.

Summary of transaction details:

  • Property Type: Educational Facility
  • Transaction Amount: $8,199,999.00
  • Address: 11519 McMullen Rd, Riverview, FL
  • Market: Riverview
  • Seller's Representative: Achikam Yogev (Colliers International)
  • Buyer: AEP Charter KCC II LLC
  • Square Footage: 28,998

This sale was part of a larger transaction where Colliers International Education Services Group facilitated the transfer of two charter school properties, totaling 134,000 square feet. The overall context of this deal includes the involvement of AEP Charter KCC II LLC and AEP Charter Renaissance LLC, which are affiliated with Charter School Capital based in Portland. The additional property included in this transaction is the 105,002-square-foot Renaissance Charter School at University.

Players

Achikam Yogev

Colliers

Broker

$393.9M

vol

9 deals

Broker

Riverview School Market Snapshot

Boundary boundary · School · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.93%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93